Centre to assist exporters in leveraging FTAs: Teaotia

The Centre today urged exporters to take advantage of Free Trade Agreements (FTAs) with other countries and assured its support in leveraging such trade pacts.
"India's Free Trade Agreements (FTAs) with various countries are not being leveraged fully by Indian exporters. Our department is ready to assist our exporters in leveraging these FTAs better," Commerce Secretary Rita Teaotia said after inaugurating 'CAPINDIA 2016' exhibition here.
India has signed FTAs with several countries to reduce trade barriers, including import quotas and tariffs, and to increase trade of goods and services.
"The total global imports for chemical products are estimated at about USD 2 trillion. Our present world share is about 1.8 per cent which is an indicator of the immense opportunities which are out there for growth of exports. The initiatives are aimed at targeting the world as our market," Teaotia added.

Israel-based importer Gas Technologies and Chemicals' Eyal Dayan said, "Consistency of quality is very important to us. We find this as a major challenge in countries such as China. European exporters are often not keen on smaller quantities. Not only do we get more consistent quality, the price advantage has been a traditional strength in India."
Buyers from 25 countries, including Saudi Arabia, Oman, Israel, Pakistan and Russia, are participating in CAPINDIA 2016.